Exit and Growth Strategies for Middle Market Businesses

The report below provides a good overview of the second quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q1 2018 included 432 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in March when Allen Media LLC, a subsidiary of Entertainment Studios, Inc., acquired Weather Group Television LLC, a portfolio company of Rosemont Solebury Capital Management LLC, AlpInvest Partners BV, Bain Capital Private Equity LP and Blackstone Corporate Private Equity, for $300 million. The acquisition is in line with the growth strategy of Allen Media LLC. Weather Group Television LLC is located in Atlanta, Georgia and broadcasts weather related information.

UBM, the company that puts on the annual Game Developers Conference, took a survey regarding which platforms developers currently consider the most important. Approximately 60 percent of the roughly 4,000 developers surveyed are currently working on a game that will be released on PCs.

Industry Indicators

US consumer spending on services, an indicator of telecom service sales, rose 2.5% In February 2018 compared to the same month in 2017.

US corporate profits, an indicator of corporate demand for telecommunication services, rose 2.7% in the fourth quarter of 2017 compared to the same period in 2016.

Total US revenue for telecommunications rose 1.3% in the fourth quarter of 2017 compared to the previous year.

The Middle Market Pulse, an executive brief, provides M&A market insight for c-level management, shareholders and their professional advisors. To receive this free monthly report by email, please complete the following form: